Amazon founder and CEO Jeff Bezos Archives - MMR: Mass Market Retailers

Amazon posts strong Q4 sales gains

January 30, 2020 by MMR Amazon, Amazon founder and CEO Jeff Bezos, fourth quarter, Jeff Bezos, Whole Foods Market Featured Articles, Leading Headlines, Money, Retail News

SEATTLE — Amazon shares rose in after-hours trading Thursday after the company reported fourth quarter results that topped analysts’ expectations. The company reported earnings per share of $6.47 for the quarter, easily beating forecasts of $4.04 per share. Net sales increased 21% to $87.4 billion in the fourth quarter. Net income grew to $3.3 billion

Amazon to raise Prime subscription fees by 20%

April 26, 2018 by MMR Amazon chief financial officer Brian Olsavsky, Amazon founder and CEO Jeff Bezos, Amazon Prime, Amazon Web Services, Amazon.com Featured Articles, Leading Headlines, Money, Retail News

SEATTLE — Amazon.com Inc. said Thursday that it would raise the annual subscription fee for its Prime members in the U.S. to $119 from $99, an increase of 20%. The announcement came as Amazon reported strong sales and earnings gains for the first quarter ended March 31. “We continue to increase the value of Prime,